Genesis HICEF™ Technology leapfrogs current fuel cell-based transportation development by enabling the use of hydrogen in internal combustion engines

Boise, ID - April 21, 2003 - Genesis World Energy, the company behind a revolutionary energy generation technology introduced in December 2002, has announced an automotive and transportation application that creates an on-demand source of hydrogen fuel for internal combustion engines. The Genesis HICEF (Hydrogen Internal Combustion Engine Fuel) Technology represents a stunning breakthrough in hydrogen-based automotive power systems through its on-board, on-demand generation of hydrogen gas derived from water — circumventing the need for either externally supplied sources of hydrogen or hydrogen generation based on chemicals or fossil fuel derivatives.

The Genesis HICEF Technology represents a dramatic departure from current hydrogen-based fuel cell research, which has focused primarily on the generation of power for electric vehicles. Rather than abandoning the internal combustion engine and the decades of progress made in its improvement, the Genesis technology will enable automobile makers to design power systems that run off hydrogen gas rather than fossil fuels - thus eliminating a major source of pollution.

For a 60-day period effective May 1- June 30, 2003, World Energy Management, the licensing arm of Genesis World Energy, will make its HICEF Technology available to companies who are interested in applying it to automobile, trucking, mass transit, aircraft, locomotive and marine engines. The HICEF device can be easily incorporated into existing internal combustion engines with relatively few modifications made to the vehicle, and is similar in approach to today's conversion of vehicles from gasoline to natural gas or propane — without the need for high-pressure storage of flammable gases.

On Demand Hydrogen Fuel
Although manufacturers have demonstrated both internal combustion engine and fuel cell-powered automobiles using hydrogen, the technologies upon which they have been based have not been commercially viable. The Genesis HICEF Technology overcomes a critical barrier that has inhibited the use of hydrogen as an internal combustion engine fuel source: the cost-effective creation and delivery of hydrogen gas. Relying on nothing more than a source of purified water, the Genesis HICEF Technology makes it possible to design internal combustion-powered vehicles that burn hydrogen gas produced on board the vehicle, freeing it from the need for externally generated sources of hydrogen fuel.

The Genesis gCell Technology
The Genesis HICEF is based on a revolutionary technology recently introduced by the Genesis Project in the form of the Edison Device - a residential and commercial energy generation unit that creates gas and electrical power through the separation of hydrogen and oxygen molecules contained in any source of water. At the core of this technology are the Genesis gCells, which break water down into its basic molecular structure through a series of electro-chemical processes, yielding ultra-pure hydrogen and oxygen gases. The reactant chemistry in the Genesis HICEF Technology is different from that of the Edison Device in that the gCells do not require many of the support processes needed in the Edison technology. The water supplying the gCells can be stored in special tanks that replace the ones currently used for gasoline in conventional fossil-fuel vehicles.

Economic and Environmental Impact
Since the water used by the gCells must be purified, consumers will have the choice of obtaining purified water from conventional fueling stations for an estimated $.20 to $.30 per gallon, or relying on filters in the Genesis HICEF unit that purify the water from sources such as a garden hose. Obtaining already purified water from fueling stations will extend the life of the filters in the HICEF unit, as well as provide a more profitable income source to gas station owners.

Converting diesel engines will require a more involved process than gasoline engines; however the cost will be relatively the same as the conversion to natural gas. The trucking industry and mass transit will benefit greatly from the reduction in fuel costs. Of even greater significance are the potential benefits to our environment: the Genesis HICEF Technology represents the cleanest possible alternative fuel source, producing essentially zero tailpipe emissions.

Readily Available Technology
Manufacturers and aftermarket companies who are interested in the conversion of conventional internal combustion vehicles from fossil fuels or natural gas energy sources may express their interest in utilizing the Genesis HICEF Technology through a form available on the World Energy Management website. This form will be available through June 30, 2003 at :
www.worldenergymanagement.com.

For further information regarding the Genesis Project, the Edison Device, and World Energy Management, please visit http://www.genesisworldenergy.com